Feil Organization Buys 22-Story Wells Fargo Center in Downtown Tampa
CBRE has arranged the sale of Wells Fargo Center, a Class A 393,649-square foot office building in Tampa, FL. The buyer is an investor group led by the Feil Organization, a division of which will manage the property.
Dale Peterson, Christian Lee, Tom Rappa, Joe Chick and Kristen McFarland Hagen of CBRE represented the seller, a joint venture among New York Life Real Estate Investors, Feldman Equities and Tower Realty Partners.
“The property’s exceptional quality and position within our best submarket allowed us to successfully execute this sale in light of the turmoil in the capital markets and in a rising interest rate environment.” said Peterson. “The Downtown Tampa submarket continues to see robust office leasing activity and strong rent growth which continues to fuel investor demand.”
Since its construction in 1985, Wells Fargo Center has received over $8.4 million in capital improvements. The 22-story, LEED Gold certified building is 93% leased.
- ◦Sale/Acquisition